All of the gold held by central banks throughout the west, originally, was owned by the people. Slowly this gold has been siphoned away from the people by the central bankers through inflation. However now, even these giant banks in the west are losing their gold as it slowly is being transferred to the east.

The gold stored in these central banks was at one time used to back all western currencies. However the sole purpose for gold being held in western banks today is for repayment of debt. History shows us that approximately every 30 to 40 years the world creates a new monetary system. Previous monetary systems continually have failed due to poor fiscal policy, planning and manipulations. Before WWI most countries kept a specific amount of gold in their treasuries. The treasuries would then issue out currency notes into circulation in amounts that equaled the equivalent value of…

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By studying history, it is possible to learn how past civilizations have risen and fallen. Repeated mistakes have been made throughout time. These mistakes show us how monetary systems within societies have broken down and collapsed since money was first used.

The Past –

History can show us many things; let’s take the rise and fall of the Roman Empire. The Romans rose to power in 64 AD. by starting out on a solid financial footing. There was a sound money system in place. They started off using 100 percent solid gold and silver coins as a medium of exchange for goods and services. As time passed however, more and more social programs needed funding. More major government projects were taken on, along with more and more wars being fought…

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